Mastercard set to launch a program to support financial institutions to offer crypto services
Join Our Telegram channel to stay up to date on breaking news coverage Mastercard, one of the largest financial institutions globally, is planning to launch a program to assist financial institutions that want to offer cryptocurrency trading services to their clients. Mastercard has made several moves to support its foray into the crypto industry . Mastercard to allow financial institutions to offer crypto services The financial services company plans to serve as a “bridge” between the Paxos cryptocurrency trading platform and banks. The goal of the partnership is to provide regulatory compliance and security services. The lack of regulatory clarity and security has been named the main reason banks avoid the asset class. The chief digital officer at Mastercard, Jorn Lambert, said that many consumers were interested in the crypto sector and more likely to venture into the space if traditional financial institutions offer these services. “There’s a lot...